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Alex - Chart Freak
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Alex - Chart Freak2018-03-28 12:00:302018-03-28 12:00:30March 28, 2018 – Choppy Markets
SPX FROM THE WEEKEND REPORT - This looked like a likely area to get a reversal, and after Monday we do have one in place. Question is, is it a Solid new low, or Just a bounce?
It may just be a good bounce, but it also may be a good bounce that is just another temporary bounce into the final low. Let me show you a few things
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SPX - The SPX is near the 200sma, and this was where I said that I would begin to look for clues of a bottoming process ( long term or short term will be determined later). Will this do a quick shake out? Maybe, we are on day 29 of this daily cycle, but lets take a look at a few of my indicators.
So this is what I also found...
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